Quote from: Kakmakr on July 20, 2016, 05:50:30 AM

Quote from: danielW on July 20, 2016, 04:31:31 AM

Obviously this is worrying, and while Coinbase said it intends to use them defensively this is not legally binding and just a promise that can be broken. All we have is their CEOs word and if Coinbase gets acquired we do not even have that. https://medium.com/the-coinbase-blog/how-we-think-about-patents-at-coinbase-26d82b68e7db#.w3uxykl07

It would not be legally binding, but if they broke that pledge, it would put a huge dent in their reputation and they will lose a lot of users and a lot of business. I know a lot of people left them already, because they force down strict regulations on the ToS with AML and KYC regulations.

It is also rumored that they are passing on user information to the governments, which is obvious when you have to adhere to these regulations. ^hmmmmm^

To my understanding a pledge such as the one by Blockstream is legally binding.